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Blackburn Rovers receive significant funding update as Venkys saga continues

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Blackburn Rovers find themselves in a precarious position in the Championship table right now.

John Eustace‘s side currently sit 18th in the table, just three points clear of the relegation zone.

That comes after a run of just two wins in their last 19 league games, under both Eustace and his predecessor Jon Dahl Tomasson.

Meanwhile, there is also a concerning situation for the club away from Ewood Park that continues to hang over Blackburn Rovers.

That regards the way in which the club is funded by owners Venkys, and it seems it will not be going away any time soon.

Blackburn Rovers hit by funding delay

As things stand, Venkys are currently under investigation by the government in their home country of India, for the historic purchase of a property in Lancashire.

Because of that, the company must now apply to the High Court in Delhi, when they want to invest money into the club.

Back in November, Venkys had invested the funds required to keep the club going until the end of January.

However, the court hearing scheduled for late January to approve a further investment into Blackburn Rovers, was then pushed back to March.

At the time, the club issued a statement clarifying that the postponement of that investment would not impact the day to day running of the club.

Now though, as per the Lancashire Telegraph, court documents in India have revealed that due to a lack of time, the hearing was not held on 12th March as planned, due to a lack of time.

Instead, the hearing over this next investment of funds into Blackburn Rovers by Venkys, is now set to be held on 20th August.

Blackburn Rovers v Plymouth Argyle - Sky Bet Championship
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Further questions over Venkys

It is hard not to feel as though this will lead to yet more questions over the ownership of the club by Venkys.

Blackburn Rovers do have some financial buffers to keep them going until August.

That will come courtesy of the sale of Adam Wharton to Crystal Palace in January, and that they are due from a sell-on clause when David Raya’s move to Arsenal becomes permanent in the summer.

However, if that money is going into the running of the club, it cannot be used to invest in strengthening the squad in the transfer window.

Given how they have struggled on the pitch this season, improving the squad seems as though it is something Blackburn Rovers badly need to do at that point.

This though makes that unlikely to happen. In turn, that could mean the club are unable to strengthen their squad, and will therefore continue to struggle on the pitch as they have done this season.

Consequently, while these issues in funding persist, it is hard to see how Blackburn Rovers will be able to progress under the ownership of Venkys.

That in turn, will surely lead to growing calls for their departure from the club around Ewood Park.